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Aramco signals sharply lower dividends

Reuters on MSN · 2d

Aramco signals sharply lower dividends as special payout shrinks

By Yousef Saba DUBAI (Reuters) -Saudi oil giant Aramco signalled on Tuesday it will slash its dividend payouts by nearly a third this year, meaning fewer funds for the kingdom as it races to complete several mammoth projects and possibly faces a wider budget deficit.

U.S. News Money · 2d

Aramco Expects Sharp Drop in 2025 Dividends as 2024 Profit Falls

DUBAI (Reuters) -Saudi oil giant Aramco said on Tuesday it expects to declare total dividends of $85.4 billion in 2025, a near 30% drop from payouts in 2024 as it faced lower sales and higher costs. Aramco paid about $124.25 billion in dividends in 2024 and had $97.78 billion in payouts in 2023.

The Mirror · 1d

Aramco cuts dividend after reduction in oil prices sees profits take a 12% dip

Saudi Arabia's state-owned oil giant Aramco reported a $106.25bn profit in 2024, down 12% from the prior year as lower energy prices now squeeze the kingdom's multi-trillion-dollar development plans

2don MSN

Low energy prices sting Aramco profits and squeeze the Saudi kingdom’s development plans

Saudi Arabia’s state-owned oil giant reported a $106.25 billion profit in 2024, down 12% from the prior year as the lower ...

2don MSN

The world’s biggest dividend has just been cut. Here’s why.

Saudi Arabian Oil Co. has slashed its massive dividend payout — the world’s biggest — as the state oil producer’s profit fell ...

1don MSN

Saudi Aramco Exploring Initial Bid for BP's Castrol Unit, Source Says

(Reuters) - Saudi Aramco is in the early stages of considering a potential bid for BP's lubricant business Castrol, according ...

2d

Aramco Trims World’s Biggest Payout in Blow to Saudi Budget

Aramco plans to trim the world’s biggest dividend, lowering a key source of funds for Saudi Arabia’s budget while relieving ...

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